EUR/USD
Member Since Feb 22, 2015
178 posts
May 02, 2017 at 09:22
It looks like the Bulls could push price of EUR/USD up to 1.099 or higher.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
May 02, 2017 at 12:38
The EUR/USD pair remains in short term uptrend, despite the recent consolidation mode from the last six sessions of 1.0820 and 1.0950. Key resistance is seen at 1.0930 – 1.0950 area and in case bulls succeed to conquer it, next target is the psychological barrier at 1.1000. Looking to downwards, major support stands at 1.0855 and next one is located at 1.0820.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
May 02, 2017 at 14:21
EURUSD is gaining 0.19% at 1.0919 and a break above 1.0926 (high May 2) would target 1.0949 (high Apr.28) en route to 1.0951 (2017 high Apr.25/26). On the flip side, the immediate support is located at 1.0850 (low Apr.27) seconded by 1.0835 (200-day sma) and finally 1.0805 (23.6% Fibo of the April rally).
Member Since Apr 08, 2014
1141 posts
May 03, 2017 at 07:08
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Monday’s high, which suggests a strong bullish momentum.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0881 (support) and the 200-day moving average at 1.0769 (support).
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0881 (support) and the 200-day moving average at 1.0769 (support).
"I trade to make money not to be right."
May 03, 2017 at 08:39
The EURUSD had a moderate bullish momentum yesterday topped at 1.0933 and hit 1.0936 earlier today in Asian session but still trapped inside the range area as you can see on my H1 chart below. The bias is bullish in nearest term testing 1.0950. A clear break above that area could trigger further bullish pressure testing 1.1100 – 1.1050 area. Immediate support is seen around 1.0900. A clear break below that area could lead price to neutral zone in nearest term testing 1.0850 key support which need to be broken to the downside for a revisit to pre-gap level at 1.0730.
Top Forex Robot
Member Since Jul 10, 2014
1117 posts
May 03, 2017 at 14:52
EUR/USD has been forming a tight sideways consolidation since the first round of the French presidential elections, but the fundamentals this week will probably end that, starting with the FOMC statement today.
Member Since Apr 08, 2014
1141 posts
May 04, 2017 at 08:22
On yesterday session, the EURUSD dived with a wide range and closed near the low of the day, in addition closed below Tuesday’s low, which suggests a strong bearish momentum.
The currency pair closed shy below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0897 (resistance), a daily support at 1.0819 and the 200-day moving average at 1.0767 (support).
The currency pair closed shy below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0897 (resistance), a daily support at 1.0819 and the 200-day moving average at 1.0767 (support).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
May 04, 2017 at 14:26
EUR/USD is testing the resistance at 1.0950 again, but it is unlikely for it to break out above that level before the fundamentals tomorrow. A possible breakout could, potentially, lead to a further move to the upside towards 1.1000.
Member Since Feb 22, 2015
178 posts
May 04, 2017 at 15:23
Bearish Divergence showing in EUR/USD market.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Member Since Apr 08, 2014
1141 posts
May 05, 2017 at 07:23
On yesterday session, the EURUSD rallied with a wide range, breaking above the consolidation zone and closed near the high of the day, in addition the currency pair managed to close above Wednesdays high, which suggests a strong bearish momentum.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0905 (support), a daily support at 1.0819 and the 200-day moving average at 1.0766 (support).
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0905 (support), a daily support at 1.0819 and the 200-day moving average at 1.0766 (support).
"I trade to make money not to be right."
Member Since Feb 22, 2015
178 posts
May 05, 2017 at 13:03
US employment down, Non-Farm Employment Change is up. Why is the EUR/USD price still going up?
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Member Since Jul 10, 2014
1117 posts
May 05, 2017 at 14:31
EUR/USD is testing 1.0990 - 1.1000 after the fundamentals today, but it hasn't broken out above that resistance level yet. I doubt there will be any major changes before the presidential elections in France on Sunday.
Member Since Feb 22, 2015
178 posts
May 05, 2017 at 15:36
Apparently, the US economic data for NFP is not important. Price of EUR/USD just keep on going up.
The French election is not until Sunday 5/7
I don't understand why the central bank is keeping the price of EUR/USD up today and disregard that US economic data for NFP.
The French election is not until Sunday 5/7
I don't understand why the central bank is keeping the price of EUR/USD up today and disregard that US economic data for NFP.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Member Since Sep 12, 2015
1948 posts
May 05, 2017 at 16:58
Cryptocurrency posted:
Apparently, the US economic data for NFP is not important. Price of EUR/USD just keep on going up.
The French election is not until Sunday 5/7
I don't understand why the central bank is keeping the price of EUR/USD up today and disregard that US economic data for NFP.
One is stronger than the other, the trend was looking bullish on most charts even before the data, Le Pen trailing behind Macron is a bit of a confidence boost, how long it lasts is another thing although Euro area data does look good, if this breaks 1.10 next stop is 1.113.
"They mistook leverage with genius".
